Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Short Interest Update

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 17,813 shares, a decline of 40.9% from the August 31st total of 30,137 shares. Based on an average daily trading volume, of 67,991 shares, the short-interest ratio is currently 0.3 days.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.4%

Shares of Blackstone Senior Floating Rate 2027 Term Fund stock traded up $0.06 on Wednesday, hitting $12.98. 13,488 shares of the company traded hands, compared to its average volume of 45,480. The company has a 50-day moving average price of $13.00 and a 200 day moving average price of $13.00. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $14.05.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.0840 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.01 dividend on an annualized basis and a yield of 7.8%.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

A number of large investors have recently bought and sold shares of BSL. Bank of America Corp DE acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the second quarter worth $7,246,000. Sit Investment Associates Inc. bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 4th quarter worth about $2,887,000. Rivernorth Capital Management LLC increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 3.4% during the 2nd quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock valued at $1,043,000 after acquiring an additional 2,649 shares during the last quarter. TrueMark Investments LLC increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.4% during the 1st quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock valued at $1,009,000 after acquiring an additional 3,960 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 15.4% in the 1st quarter. Hilltop Holdings Inc. now owns 47,218 shares of the company’s stock valued at $611,000 after acquiring an additional 6,308 shares in the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

(Get Free Report)

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment fund managed by an affiliate of Blackstone Inc The fund seeks to provide a high level of current income while preserving capital, primarily by investing in senior secured, floating-rate loans and other floating-rate debt instruments.

Its portfolio generally consists of loans made to companies across a range of industries, with an emphasis on senior secured obligations that rank ahead of other debt and equity securities in a borrower’s capital structure.

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